Rehabilitation Robots Market Size to Reach USD 1,487.6 Million by 2032 growing at 21.3% CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

According to Acumen Research & Consulting, the worldwide Rehabilitation Robots Market was worth USD 219.6 Million in 2022 and is expected to be worth roughly USD 1,487.6 Million by 2032, growing at a CAGR of 21.3% during the anticipated years

In recent years, the rehabilitation robotics business has seen substantial expansion and innovation. These robots are critical in supporting people with movement impairments or disabilities with their rehabilitation and recovery. Here is a quick look into the rehabilitation robots industry:

The market for rehabilitation robots has been steadily developing, owing to reasons such as rising chronic disease incidence, an ageing population, and breakthroughs in robotics and technology. The need for efficient rehabilitation solutions has accelerated the use of rehabilitation robots in a variety of healthcare settings.

Rehabilitation robot technologies have advanced continuously in the business. Exoskeleton robots, therapeutic robots, assistive robots, and prosthetic robots are among the developments. Sensor technologies, real-time feedback, changeable settings, and interaction with digital platforms are among the characteristics offered by these robots, which improve the effectiveness and customization of rehabilitation therapy.

Rehabilitation Robots Market Statistics

Rehabilitation Robots Market Statistics

  • The global rehabilitation robots market revenue is expected to reach USD 219.6 million in 2022, with a 21.3% CAGR (2023-2032).
  • North America held around 47% rehabilitation robots market share in 2022
  • The Asia-Pacific market is predicted to grow at a CAGR of more than 22% from 2023 to 2032
  • Exoskeleton robots types occupied over 44% market share in 2022
  • The hospitals & clinics end-use sub-segment covered more than USD 92 million in 2022
  • Collaborations between robotics manufacturers and healthcare institutions is the new rehabilitation robots market trend

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Rehabilitation Robots Market Dynamics

Increasing Prevalence of Chronic Conditions and Disabilities Fuels the Rehabilitation Robots Market Value

The rising frequency of chronic diseases and disabilities is a major element boosting the market value of rehabilitation robots. Stroke, spinal cord injuries, multiple sclerosis, and musculoskeletal diseases are all chronic ailments that impact a huge number of people globally. These disorders frequently cause mobility difficulties and functional restrictions, lowering patients' quality of life.

Rehabilitation robots offer specialized therapy and aid in the healing and rehabilitation process to persons with chronic diseases and impairments. These robots can help with motor function, mobility restoration, muscular strength enhancement, and functional independence.

As the global prevalence of chronic illnesses and impairments rises, so does the demand for efficient rehabilitation solutions. Rehabilitation robots provide benefits such as repeated and regulated motions, adjustable therapy options, and real-time data monitoring. They allow for the delivery of constant and focused treatment, which can be difficult to perform manually. Rehabilitation robots contribute to improving patient outcomes and experiences by providing personalized and individualized support.

Furthermore, the ageing population contributes to the rising prevalence of chronic diseases and impairments. With increased life expectancy comes an increased probability of age-related illnesses requiring rehabilitation. Rehabilitation robots can assist in meeting the rising need for rehabilitation services by supplementing the efforts of healthcare staff and providing long-term care.

Expansion of Home-Based Rehabilitation and Tele-Rehabilitation Will Generate Surplus Rehabilitation Robots Market Opportunities

Home-based therapy and tele-rehabilitation have emerged as key trends in the field of rehabilitation, contributing to the growth and value of the rehabilitation robots market.

Home-based rehabilitation is the provision of rehabilitation services and therapies to patients in the comfort and convenience of their own homes. This strategy has various advantages, including expanded access to rehabilitation therapies, lower healthcare costs, and more patient satisfaction. Rehabilitation robots play an important part in home-based rehabilitation by providing people with the tools and technology they need to engage in successful therapy at home. These robots can help patients continue their rehabilitation journey outside of typical clinical settings by leading and monitoring activities, recording progress, and offering feedback.

Tele-rehabilitation, on the other hand, entails using technology to provide rehabilitation treatments remotely. Using video conferencing, wearable sensors, and other technology solutions, healthcare practitioners may remotely assess, monitor, and lead patients during rehabilitation sessions. Rehabilitation robots play an important part in tele-rehabilitation by serving as a physical interface with which patients may engage during therapy sessions. Patients may get expert guidance and assistance from healthcare experts via tele-rehabilitation without the need for in-person visits, making rehabilitation more accessible, convenient, and cost-effective.

Several reasons have contributed to the growth of home-based rehabilitation and tele-rehabilitation. These include advancements in telecommunications technology, increased availability and affordability of rehabilitation robots, a desire for more patient-centered care, and the need to address healthcare challenges such as limited access to rehabilitation facilities and rising healthcare costs. Furthermore, owing to social distancing measures and the requirement to offer remote treatment, the COVID-19 epidemic has hastened the implementation of home-based and tele-rehabilitation approaches.

Rehabilitation Robots Market Segmentation

The global market has been categorized into type, extremity, end-use, and regions

  • The type segment is split into exoskeleton robots, therapeutic robots, assistive robots, and prosthetics robots
  • Extremity segment includes upper body and lower body
  • The end-use industry segment contains hospitals & clinics, nursing home, orphanage, and others
  • The market is divided into five regions that are North America, Europe, Latin America, Asia-Pacific, and The Middle East and Africa (MEA)

Rehabilitation Robots Market Share

According to the rehabilitation robots market forecast, exoskeleton robots will account for the largest market share from 2023 to 2032.

As per the rehabilitation robots industry analysis, the lower body extremities sub-segment gathered significant market share in 2022 and is likely to do so in the coming years.

Hospitals & clinics end-user sub-segment would occupy for the utmost market share in the rehabilitation robotics industry.

Rehabilitation Robots Market Regional Outlook

North America has long been a leader in the rehabilitation robotics business. The region's well-established healthcare infrastructure, technical breakthroughs, and high healthcare spending have all led to the use of rehabilitation robots. The United States has been a prominent market participant in driving market growth, with various manufacturers and research organizations focusing on creating novel rehabilitation robot solutions.

In the rehabilitation robots industry, the Asia-Pacific region has shown significant development potential. Japan, China, South Korea, and Australia have been driving regional market expansion. The vast population, increased prevalence of chronic illnesses, expanding healthcare infrastructure and favorable government measures has all contributed to the adoption of rehabilitation robots. Furthermore, with substantial breakthroughs in robotics and technology, Asia Pacific has emerged as a vital market for rehabilitation robots.

Rehabilitation Robots Market Players

Some prominent rehabilitation robots companies covered in the industry include Bionik Laboratories Corporation, Cyberdyne Inc., Ekso Bionics Holdings Inc., Hocoma AG (DIH International Ltd.), Kinova Inc., Life Science Robotics ApS, ReWalk Robotics Ltd, Rehab-Robotics Company Limited, Rex Bionics Ltd, and Tyromotion GmbH.

Rehabilitation Robots Business Strategies

  • In June 2021, Bionik Laboratories has announced collaboration with Harvard University's Wyss Institute for Biologically Inspired Engineering to create a soft robotic exoskeleton. The project's goal is to develop a lightweight and flexible exoskeleton that can aid and rehab patients with movement disabilities.
  • In October 2021, Ekso Bionics gained FDA approval for the EksoNR robotic exoskeleton for use with individuals suffering from acquired brain damage. This approval broadened the company's market reach and enabled more people to benefit from their superior exoskeleton technology.

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